H-P to buy Palm in $1.2 bln deal

BenjaminPimentel

SAN FRANCISCO (MarketWatch) - Hewlett-Packard Co.
HPQ, -1.74%
on Wednesday said it has agreed to buy Palm Inc.
PALM, +1.63%
in a $1.2 billion deal. H-P said Palm shareholders will receive $5.70 in cash for each share of Palm common stock. H-P said the boards of both companies have approved the transaction.

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